APRIL Marine establishes operations in the Caribbean with the acquisition of Intercaraïbes Assurances
APRIL Marine, a subsidiary of the APRIL group, confirms its drive for international expansion with the acquisition of Intercaraïbes Assurances in Marin port, Martinique. Established in 2004 by Philippe Locquet, Intercaraïbes Assurance is the specialist in the regional sailing, fishing, yacht chartering and rental fleet markets. It recorded €1.4m of premiums in 2014.
This acquisition enables APRIL Marine to set up operations in the Caribbean, in one of the largest sailing areas in the world. With a fleet of 5,000 ships, Marin is today one of the four most strategic sailing hubs in the Caribbean alongside Saint Martin, Trinidad and Puerto Rico.
APRIL Marine now has operations in 4 global regions: Canada (Montreal and Toronto), France (Les sables d’Olonne and Cannes), Italy (Sanremo), and now the Caribbean. This new site will also enable us to offer local support to Canadian and European policyholders sailing in the Caribbean, whilst meeting the high demand for boat insurance in this area.
Lionel Boismery, Chairman and CEO of APRIL Marine, comments: “We are very pleased with this acquisition which will enable us to continue developing operations in this particularly dynamic geographical area. Philippe Locquet is now the Caribbean Director for APRIL Marine. The integration of his teams at APRIL Marine will mean organising training in the company tools and culture as well as of course sharing knowledge and expertise about this very specific market in the Caribbean and about the distribution of fishing / yacht chartering and rental fleets.”
About APRIL Marine
APRIL Marine is the leading French broker in sailing insurance and financing, with over 55,000 policy holders and over 40 years’ experience. The team of 60 staff members in France, Italy, Canada and the Caribbean is attentive to its customers’ requirements and always looking to develop more services to make life easier for amateur yachtsmen.
APRIL, the international insurance services group, has chosen innovation as the key to driving its development since it was established in 1988, by seeing insurance from the customer’s perspective. Its vision is to make insurance easier and more accessible. Making this commitment, which means pushing boundaries and keeping things simple, has enabled it to become the leading wholesale broker in France and an international authority. 3,800 staff members insure, advise, design, manage and distribute specialist insurance solutions (health-personal protection, property and casualty, mobility and legal protection) as well as assistance services, for private individuals, professionals and businesses. APRIL has operations in Europe, America, Asia, Africa and the Middle East. Listed on Euronext Paris (Compartment B), the group produced a turnover of €798m in 2015.